Published on 7/10/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $51.51 million Accelerated Return Notes on Facebook
By Marisa Wong
Madison, Wis., July 10 – Barclays Bank plc priced $51.51 million of 0% Accelerated Return Notes due July 22, 2015 linked to the Facebook Inc. shares, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain in the stock, up to a maximum return of 31.2%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
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Issue: | Facebook, Inc. (Nasdaq: FB)
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Amount: | $51,505,860
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Maturity: | July 22, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any stock gain, capped at 31.2%; exposure to any losses
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Initial level: | $63.26
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Pricing date: | July 8
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Settlement date: | July 15
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Agent: | BofA Merrill Lynch
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Fees: | 1.75%
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Cusip: | 06742W687
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